San Francisco, October 2, 2019: Latest study by Grand View Research, Inc. titled “Geosynthetics Market Size Report & Trend Analysis By Product (Geotextiles, Geomembranes, Geogrids, Geocells), By Region (North America, Europe, Asia Pacific), And Segment Forecasts, 2019 – 2025”, reveals that the global market size is expected to reach USD 20.12 billion by 2025. The increasing penetration of geosynthetic products during hydraulic fracturing in the exploration and production of shale gas as disposal ponds for fresh water is expected to drive product demand.
Geotextiles and geogrids are majorly used for soil reinforcement on account of their ability to prevent the mixing of piping and soil as well as to aid in preserving the strength of the construction aggregate. Furthermore, rapid growth in the construction industry in the emerging economies is expected to have a positive impact on the demand for geosynthetics for soil reinforcement.
Some key findings from the report:
– Geocells are estimated to witness growth at a CAGR of 7.9% in terms of revenue from 2019 to 2025, on account of the increasing product penetration in earth reinforcement and slope protection applications
– Drainage application accounted for 16.5% of the volume share of geotextiles in 2018, owing to the product’s ability to provide a high percentage of the open area; high flow capacity; fast installation; and reduction in soil excavations
– North America geosynthetics market accounted for 25.8% of the global revenue share in 2018, owing to the increasing shale gas production in the U.S. and Canada coupled with the application of geomembrane in the hydraulic fracturing process
– China is estimated to reach USD 3.6 billion by 2025 on account of the rising government spending on large infrastructural projects coupled with increasing penetration of the product in the mining industry for containment and wastewater
– Major players in the geosynthetics market are engaged in providing all geosynthetic products with different specifications and customization along with project consultation, which aids the companies in gaining an edge over its competitors
The regulatory trends regarding the environmental protection in mining and landfills has ensured the penetration of geotextiles in these applications; thereby having a positive impact on market growth. In addition, the government agencies in the UK, U.S., and Germany have made the use of geotextiles mandatory in road construction; thereby complementing the product demand.
The final report on global geosynthetics market has been segmented on the basis of product, application and region:
Geosynthetics Product Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 – 2025)
– Geotextiles
By Raw Material
Natural
Jute
Others
Synthetic
Polypropylene
Polyester
Polyethylene
By Product
Woven
Non-woven
Knitted
By Application
Erosion control
Reinforcement
Drainage systems
Lining systems
Asphalt overlays
Separation & stabilization
Silt Fences
– Geomembranes
By Raw Material
HDPE
LDPE
Ethylene Propylene Diene Monomer (EPDM)
Polyvinyl chloride (PVC)
Others
By Application
Waste management
Water management
Mining
Lining Systems
Others
By Technology
Extrusion
Calendering
Others
– Geogrids
By Raw Material
HDPE
Polypropylene
Polyester
By Application
Road construction
Railroad
Soil reinforcement
Others
By Product
Uniaxial
Biaxial
Multi-axial
– Geonets
By Raw Material
HDPE
MDPE
Others
By Application
Road construction
Drainage
Railroad
Others
– Geocells
By Raw Material
HDPE
Polypropylene (PP)
Others
By Application
Earth reinforcement
Load support
Tree root protection
Slope protection
Others
Geosynthetics Regional Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 – 2025)
– North America
U.S.
Canada
Mexico
– Europe
France
Germany
Italy
Spain
UK
– Asia Pacific
China
India
Japan
New Zealand
Australia
Malaysia
Thailand
– Central & South America
Brazil
– Middle East & Africa
Saudi Arabia
United Arab Emirates
South Africa
Rising application of geotechnical materials for facilitating the process of soil compaction in road construction is expected to drive the industry growth over the forecast period. In addition, increasing use of geosynthetics in transportation industry owing to its ability to improve underlying soil stability in roadway and railway tracks is expected to complement industry growth.
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